Lifemoves

Analysis

Lifemoves is a registered charity in United States, based in Santa Clara, CA. It received its IRS tax-exemption ruling in May 1992, 34 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lifemoves reported income of $117.0m and spending of $60.8m, leaving 48% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $30.1m to $117.0m (+289%), an average of +40% a year. The sharpest change came in the year to June 2023, when income rose by 85%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lifemoves sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Point Park University ($116.9m), Goodwill Industries of Central Florida Inc ($117.3m) and New York Road Runners Inc ($116.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 101% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $3.0m (4.9% of expenses). Other salaries and wages came to $20.4m. At year end it held assets of $150.6m against liabilities of $35.2m, net assets of $115.4m. It reported 528 employees.